Is Reliance Industries Limited stock halal or haram? If you’re searching for a comprehensive Shariah compliance analysis of Reliance Industries Limited, you’ve come to the right place!
In this article, we provide a detailed breakdown of Reliance Industries Limited’s business operations, financials, and compliance with Shariah screening guidelines. Whether you’re an ethical investor or exploring halal investment opportunities, this analysis will help you make an informed decision.
Is Reliance Industries Limited Stock Halal and Shariah Compliant?
Reliance Industries Limited, a leading company in the energy sector, has undergone a Shariah compliance screening based on key financial and business criteria. According to the latest annual report published on August 7, 2024, Reliance Industries Limited stock appears to be Halal and Shariah-compliant.
Shariah Compliance Analysis of Reliance Industries Limited
Halal and Shariah Compliant
| Criteria | Value | Status |
| Business Activity | Oil and Gas | ✅ PASS |
| Impermissible Income to Total Revenue | 2.74% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 19.71% | ✅ PASS |
| Illiquid Assets to Total Assets Ratio | 72.42% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
Reliance Industries Limited Price Chart
Business Overview of Reliance Industries Limited
Reliance Industries Limited (RIL) is India’s largest conglomerate, operating across diverse sectors including energy, petrochemicals, retail, telecommunications, and digital services. Founded by Dhirubhai Ambani, RIL has grown into a global powerhouse, driving innovation and economic growth.
The company dominates India’s oil refining and petrochemical industry, with one of the world’s largest refining complexes in Jamnagar. Through Jio Platforms, RIL revolutionized India’s telecom sector, offering affordable internet and digital services.
Conclusion
Based on the screening Process, Reliance Industries Limited Stock appears to be Halal and Shariah Compliant (Allah Knows the Best). However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
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Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.